Page 16 - Indian Banking Sector

Banking, transport services may be hit due to trade unions' strike on Jan 8

Nearly 25 crore people are said to be taking part in this all-India strike to protest against the government's "anti-people" policies

Year in Review: Banking sector bets on reforms, mergers for revival

"Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020

Bring banks on track

Credit market ecosystem needs better governance and oversight

Time running out for PSBs

Business is rapidly shifting to private banks

Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18

Where have all the women bankers gone?

Flexi hours and creches for children can help retain them but a bigger problem at the moment is women bankers don't have too many role models to look up to

Merger of 10 public sector banks won't lead to any job losses: Govt

In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets

YES Bank has option to extend November 30 deadline on binding offer

According to a source close to the development, the bank is still in talks with the investor and has not taken any decision on the offer

A year since signing, inter-creditor pacts yet to take off, concede bankers

It's one of the worst kept secrets in banking, and not many chief executive officers (CEOs) of banks want to go public on it

There is no stress in retail loan book, still cautious: Axis Bank CEO

Axis Bank reported good numbers in the second quarter of FY20 even though the bank had a net loss of Rs 112 crore in the period

Letter to BS: Banks should publish newsletters about financial performance

The Reserve Bank of India (RBI) as the central bank should tighten banking regulations for the staff and any deviation should be reported to the regulatory committee at the earlies

Indian banking, securities sectors' IT spend to grow 9% in 2020: Gartner

The assessment of the research and advisory firm is that the increasing investments are not only to create new product offerings but also to respond to evolving customer demands

Banking system is safe: RBI tells depositors again as PMC crisis deepens

The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector

'Triple whammy': India's property slump exposes banks to fresh crisis

Slump in property market is leaving builders struggling to repay loans to shadow lenders - housing finance firms outside the regular banking sector that account for over half of loans to developers

PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property

The bungalow is spread across 2.5 acres; valuation being assessed

Public sector banks to face legal hurdle in recovering HDIL dues

The ED is in the process of attaching the properties of HDIL

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Banks slippages to continue due to stress from various sectors: ICRA

The private banks, due to their higher credit cost in FY20, will see muted RoE at 9-10 per cent

Lower tax rates won't change fundamental concerns for banking stocks

Nifty Bank index has gained 14.2 per cent since Friday; experts advice investors book profit in banking stocks as tax cut doesn't address growth and asset quality concerns

HDFC Bank to organise 1,000 grameen loan melas in next 6 months

These grameen loan melas will be held across more than 300 districts and cover around 6,000 villages across India